Asset Finance CIO

A new era in finance has started as the deadline passes for major banks to comply with new open banking legislation that promises to revolutionise consumer and business funding. In truth, the revolution has started with a whimper rather than a bang, as many of the major banks have secured an extension beyond the January 13 deadline for the new regulations, but over the long-term, it has the potential to change how businesses and consumers source finance.

A new era in finance has started as the deadline passes for major banks to comply with new open banking legislation that promises to revolutionise consumer and business funding. In truth, the revolution has started with a whimper rather than a bang, as many of the major banks have secured an extension beyond the January 13 deadline for the new regulations, but over the long-term, it has the potential to change how businesses and consumers source finance.

Asset finance companies have much work to do if they are to embrace the full potential of digitalisation, according to a new report from Alfa, the global provider of software and services to the automotive and equipment finance industries. As Steve Taplin, digital lead and global sales director at Alfa notes “The move to digitalisation is challenging, and presents critical issues - particularly the constraints of legacy systems and the need to develop new skills. But the rewards can be significant.”

Asset finance companies have much work to do if they are to embrace the full potential of digitalisation, according to a new report from Alfa, the global provider of software and services to the automotive and equipment finance industries. As Steve Taplin, digital lead and global sales director at Alfa notes “The move to digitalisation is challenging, and presents critical issues - particularly the constraints of legacy systems and the need to develop new skills. But the rewards can be significant.”

Interactive video ticks many boxes when it comes to auto and asset finance. The technology feeds growing demand for video content among consumers because it can deliver personalised and relevant content in a way that is interesting and engaging. This is important when it comes to dealing with technical or dry content. If a video can make things simpler and easy to understand for the viewer, then the more compelled they are to respond to it.

Interactive video ticks many boxes when it comes to auto and asset finance. The technology feeds growing demand for video content among consumers because it can deliver personalised and relevant content in a way that is interesting and engaging. This is important when it comes to dealing with technical or dry content. If a video can make things simpler and easy to understand for the viewer, then the more compelled they are to respond to it.

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.